Vietnam Seeks Saudi Aramco’s Investment in Petrochemicals, Oil Refining Vietnam is seeking investment from oil giant Saudi Aramco in its petrochemical and oil refinery projects, the Southeast Asian country’s government said. Vietnamese Prime Minister Pham Minh Chinh on Thursday met with Aramco’s Yasser M. Mufti, its vice president of production and customers, on the sidelines…
NNPC Announces Soneye as New Chief Corporate Communications Officer The Nigerian National Petroleum Company Ltd has announced the appointment of Olufemi Oladapo Soneye as its Chief Corporate Communications Officer. This was disclosed to newsmen recently, in a statement signed by NNPC’s management. Soneye has therefore replaced Mr. Garba Deen Muhammad as the new spokesperson, who…
AEW: Wabote Urges African Oil-Producing Countries to Retain Oil, Gas Financial Outlays In-Country Speaking in Cape Town, at the ongoing Africa Energy Week (AEW) 2023, the Executive Secretary of Nigerian Content Development and Management Board (NCDMB), Engr. Simbi Wabote, has called on oil-producing nations in Africa to develop local capabilities that would ensure that Engineering,…
Kyari, First Abu Dhabi Bank Team Meet on Project Financing for NNPC Limited The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, recently met with a high-level team from First Abu Dhabi Bank to discuss the financing of projects for the NNPC Limited. The team from First Abu Dhabi Bank…
AEW2023: Petroleum Directorate of Sierra Leone Invites Investors to Explore Oil & Gas Opportunities Petroleum Directorate of Sierra Leone, PDSL’s exploration history showcases the nation’s potential, with eight wells drilled and four significant discoveries, including the notable Mercury 1 well, Venue B1, Jupiter 1, and Savannah 1X Following the successful conclusion of its fifth licensing…
Venezuela Receives Its Second Fuel Aid Shipment From Eni According to a report from Bloomberg, Venezuela has already received a second supply of petroleum for the Italian supermajor Eni in the past month. The consignment contained 351,000 barrels. The shipment is fuel aid for the country, which cannot produce enough gasoline and diesel to cover…
Shell Companies Paid $1.36Bn To Federal Government As Taxes and Royalties in 2022 Shell companies namely Shell Petroleum Development Company (SPDC) and Shell Nigeria Exploration and Production Company (SNEPCO ) paid $1.36 billion as corporate taxes and royalties to the Federal Government of Nigeria in the fiscal year 2022, according to Shell Briefing Note 2023….
Oando Set to Participate as Lead Sponsor of Africa Oil Week (AOW) 2023 Oando PLC, Africa’s leading indigenous energy solutions provider, is set to participate as a lead sponsor at one of the continent’s leading energy conferences, Africa Oil Week, scheduled to be held in Cape Town, South Africa, from October 9 – 13, 2023….
Nigeria: Govt LPG Penetration Agenda Faces Challenges as Price Soars As the push towards energy transition intensifies, gas has become a critical energy resource. Nigeria has an estimated 209 trillion cubic feet (TCF) of proven gas reserves, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Realizing the critical role of gas in this era,…
Oil Prices Show Modest Rebound as OPEC+ Holds Firm on Output Cuts Oil prices experienced a modest uptick during early trading, partially recovering from significant losses in the previous session. This rebound followed a decision by an OPEC+ panel to maintain oil output cuts, aiming to keep the supply tight amid concerns about a potential…
